Michael Shoemacher

Nationally chartered commercial bank

Functions as a College/University

Heitman UK is an active manager that performs in-house research to support their three business units and is an integral part of the investment process. Their approach combines top-down analysis, which generates country or regional weights and sector or property types, with bottom-up research on individual assets, submarkets, and markets, which helps to form investment decisions. The firm invests in public real estate securities based on in-depth, fundamental, and proprietary research. Heitman UK aims to produce risk-adjusted investment returns more than market benchmarks by identifying and capturing multiple forms of alpha, primarily that which is produced by companies able to generate long-term and consistent returns on their invested capital more than their long-term cost of capital.

PSG is a global alternative investment manager that focuses on specialized equity and fixed income real assets securities investments and energy-related master limited partnerships or MLPs and infrastructure investments. The firm's fixed-income strategies include investments below investment grade and investment grade publicly traded debt securities of global real estate, infrastructure and natural resources companies. For their equity strategies, PSG incorporates a value-based approach and a long-term investment horizon. They utilize proprietary valuation tools, as well as fundamental, bottom-up research, to identify mispriced securities.